The average sales price for June 2007 is $298,477. This is simply the total sales volume divided by the number of listings sold.

The median sales price is $229,000; what this means is that half of the homes sold for less than this amount and half of the homes sold for more than this amount.

The median sales price gives us an idea of where the most movement is in our market. Average sales price is easily skewed by a few luxury home sales and don’t really reflect market movement.

Hope this helps!

The above stats are a bit confusing regarding the median price of homes in Tucson. I see 229K and 298,477.

Please clarify what the median price of a SFR is.

Thanks-